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The Market Model

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THE APPLICATION OF THE MARKET MODEL IN INDONESIA’S ECONOMY

Introduction The market model or the Liberal economic system is an economic system that requires the existence of freedom for each individual to run the market without any interference from the Government. A condition in which the Government is completely apart from the economic decision-making or policies making. in economic terms we all know the terminology called laissez-faire. It is mean that every economics aspects in the market will and would run itself. Countries that have implement the liberal economic system most of them are the deleped country. Such as, United States, United Kingdom, France, Belgium, Ireland, Switzerland, Canada. The Market model was developed by Adam Smith in other …show more content…

Indoonesia right now are using the Pancasila Economic system. Wih this economic system indonesia currently grow into on of th biggest economic in asia. Indonesia is a great country that have a great economic potential in the future, a potential that has been noticed by the international community. Indonesia, as the ASEAN largest economy is increasingly mentioned as an appropriate candidate to be included in the BRIC (Brazil, Russia, India and China) community in the future as the country is rapidly shown signs of economic development in the International Community. Despite of the economic slowdown in the first quarter of 2015, Indonesia is still a promising market. The latest information shows that there is only 5.4 percent economic growth. Indonesia Economic growth is big enough to bring the nation to join the G20. The group of twenty major economics nation together have the control over 85%f the world economy, and indonesia is one of them. By 2020 the prediction of the analist Indonsesia will grow into the world top 10 economics and y the end of 2030 it will be even higher a top 6 world economics. So, indonesian economic is growing into one of the best in the world. With the right system implement

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